3M to Buy French Adhesives Firms

10:18 AM MDT | August 4, 2008 | Chemical Week Editorial Staff

3M says it has agreed to acquire polyurethane-based structural adhesives and sealants producers EMFI (Haguenau, France) and SAPO (Haguenau). EMFI and SAPO together employ about 350, 3M says. Financial terms were not disclosed, and the deal is expected to close in the fourth quarter, subject to customary closing conditions. The deal “brings technical know-how and a unique manufacturing process to 3M that will accelerate growth and allow us to deliver a broader offering to our customers globally,” says Patrick Deconinck, v.p. and general manager of...